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BREAKING NEWS! CMHC Makes Important Policy Changes & BoC Lowers Overnight Lending Rate

cmhc financing rules Jun 07, 2024

On June 4, CMHC announced significant policy changes regarding financing rules for apartment buildings of five plus units. The first policy change is the removal of all restrictions on use of equity takeout funds when refinancing which were imposed in 2020 at the onset of COVID-19. Other changes pertain to CMHC's MLI Select program and its scoring system.



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